A Possible Solution to the Problems of External Benefits Is

question 252

Multiple Choice

A possible solution to the problems of external benefits is

• A) to tax those receiving the extra benefits.
• B) production of the good by government.
• C) effluent fees.
• D) to restrict the amount of the good through direct government regulation.

Identify and describe the stages of group development.

Learn about the factors contributing to team effectiveness and process gains/losses.

Recognize the principles of team cohesion, social loafing, and social facilitation.

Understand the impact of groupthink on team decision-making.

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Definitions:

Distribution Factors

The elements that influence the distribution of goods from manufacturers to consumers, including transportation, warehousing, and retail channels.

Marketing Concept

A philosophy that firms should analyze the needs of their customers and then make decisions to satisfy those needs, better than the competition.

Think Global

A business approach that considers the international implications of corporate decisions and strategies.

Consumer Wants

The desires or needs that drive individuals to purchase products or services.